Editorials Squaring Off with IRS
A looming IRS plan would tax fringe benefits such as parking spaces employee discounts and company medical checkups as income after July 1 prompting broad opposition. The change targets middle income taxpayers and excludes group plans and pensions. Public hearings follow federal register publication with final rules likely a year or more away. Death and taxes are certainties and so may the taxpayer outrage on a new front.
MENTIONED IN THIS ARTICLE
Internal Revenue Service
IRS
Congress
Federal Register
Treasury Department
Women Drivers Rise in Car Ownership and Sales
Women car owners have grown about 5 percent annually, now making up 13 percent of U S auto sales, about 1.5 million of 11.2 million in 1977. Stronger employment boosts sales, but women buyers are tougher to win over, more set in their preferences.
Futility reveals risk aversion in stock market study
AP analysis shows Americans retreating from stocks due to inflation fear. Many pursue safer bets like passbook savings and U.S. Savings Bonds, while life insurance offers limited protection against eroding buying power. The survey of 2,740 households finds a shift toward safety and real estate as stock ownership declines.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
New York Stock Exchange
U.S
National Association of Realtors
Today in History June 7 1978 Highlight Battle Midway
On this date in history notable events include the 1942 Battle of Midway ending in American victory, Louis XIV’s coronation in 1654, Daniel Boone’s Kentucky exploration in 1769, and Lincoln’s 1864 renomination. Also noted are Norway’s WWII resistance in 1940, Six Day War moves in 1967, Kennedy’s funeral in 1968, Brandt’s 1977 Israeli visit, Queen Elizabeth II’s Jubilee visit, birthdays of Tom Jones and others, and a Japanese proverb on teaching.
MENTIONED IN THIS ARTICLE
Associated Press
Midway
Louis XIV
France
Rheims
Daniel Boone
Kentucky
United States
Britain
Abraham Lincoln
Baltimore
Norway
Egypt
Suez Canal
U.S. analysts link Latin regimes to terror blowback
U.S. analysts accuse five Latin governments Argentina Chile El Salvador Guatemala and Uruguay of covertly backing death squads and terror acts blamed on leftists to justify repressive rule and continued aid. They warn similar manipulation may occur in Africa and Asia as Congress tightens human rights reporting.
MENTIONED IN THIS ARTICLE
Jack Anderson
Washington
U.S
Argentina
Chile
el Salvador
Guatemala
Uruguay
Carter
Uncle Sam
Central America
Mano Blanca
White Hand
Congress
State Department
Nicaragua
Philippines
Huck Finn
America
Jonathan Mandell
San Diego
Calif
Minneapolis
Austin
Texas
DoD records reveal contractor use of public funds for perks
DoD documents show Grumman and LTV seeking taxpayer money for rent, country club dues, tux rentals, and life insurance. DoD audits sought by lawmakers are largely sealed, with officers unwilling to release ten corporate audits under Air Force control.
MENTIONED IN THIS ARTICLE
Washington
NEA
Grumman Corp
LTV Corp
Department of Defense
Dod
Pentagon
Defense Contract Audit Agency
DCAA
Air Force
DoD audits show limited improper costs at Grumman and LTV
The Navy released DCAA reports on Grumman and LTV audits covering 1974 and 1975. Grumman faced $68,210 in disallowed expenses while LTV contests $342,432. Disallowed items include executive lobbying salaries and various entertainment and petty costs. The findings raise questions about integrity though no major scandal is indicated.
MENTIONED IN THIS ARTICLE
Navy
Grumman
LTV
Washington
Dod
DCAA
Pentagon
Julian Scheer
Also Mentioned on This Page
Pecos Enterprise
Ken Dulaney
By Roger Bollen
Nes
Gieu
Fort Worth
Hulme N.E.A
Sen
Robert Kennedy
St. Patrick's Cathedral
Willy Brandt
St. Paul's Cathedral
London
Tom Jones
Gwendolyn Brooks
Philippe Entremount
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!